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Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting

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Comparative balance sheets for 2021 and 2020 and a statement of income for 2021 are given below for Metagrobolize Industries. Additional information from the accounting records of Metagrobolize also is provided. 2020 see METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 - ($ in thousands) 2021 Assets Cash $ 450 Accounts receivable 490 Inventory 640 Land 650 Building Less: Accumulated depreciation (250) Equipment 2,850 Less: Accumulated depreciation (472) Patent 1,700 $6,858 Liabilities Accounts payable $ 740 Accrued liabilities 220 Lease liability-land Shareholders' Equity Common stock 2,600 Paid-in capital-excess of par 600 Retained earnings 2,568 $6,858 $ 160 260 385 590 800 (230) 2,578 (440) 1,950 $6,045 $ 440 155 13e 2,500 515 2,435 $6,045 $2,904 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $2,839 Gain on sale of land 65 Expenses Cost of goods sold 940 Depreciation expense-building 2e Depreciation expense-equipment 356 Loss on sale of equipment Amortization of patent 25e Operating expenses 600 Net income le 2,176 Additional information from the accounting records a. Annual payments of $20,000 on the finance lease liability are paid each January 1, beginning in 2021 b. During 2021, equipment with a cost of $360,000 (90% depreciated) was sold. C. The statement of shareholders' equity reveals reductions of $185,000 and $410,000 for stock dividends and cash dividends, respectively Required: Prepare the statement of cash flows for Metagrobolize Industries using the Indirect method (Enter your answers in thousands (ie., 10,000 should be entered as 10).) Amounts to be deducted should be indicated with a minus sign.)

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